bullish

Alibaba (9988 HK): Well Controlled Expense in 4Q22 and Forthcoming Turning Point in June, Buy

427 Views27 May 2022 04:39
Operating margin improved in 4Q22 due to well controlled expenses in minor businesses. We believe the lockdown will continue to be softened. We set an upside of 31% and a price target at HK$106.
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